Blue Chip Partners LLC Grows Position in International Business Machines Co. (NYSE:IBM)

Blue Chip Partners LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,044 shares of the technology company’s stock after purchasing an additional 66 shares during the period. Blue Chip Partners LLC’s holdings in International Business Machines were worth $498,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Naples Money Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at $28,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines in the 3rd quarter valued at $31,000. Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares in the last quarter. Finally, Cordant Inc. boosted its holdings in International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.1 %

Shares of IBM stock opened at $167.00 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The firm has a market cap of $153.10 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70. The company has a 50-day moving average of $187.60 and a two-hundred day moving average of $170.53. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the firm posted $1.36 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 75.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBM shares. Royal Bank of Canada increased their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. UBS Group upped their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $184.08.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.